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toy with the debt ceiling and putting the chances of default at risk, that would be disastrous. we've kind of avoided that for now. don't forget, the fiscal cliff itself is a device that was put in place because of the current situation, because we can't come to an agreement on everything. >> but now it may actually be fostering a lack of bipartisanship, right? the snake has eaten its own tail. >> yes, exactly. >> i love that. it's so useful. >> losing our appetites, right? >> in terms of the other piece, the austerity program that the republicans would have us on, you know, for a long time we've been able to look -- not a long time, but at least a year we've been able to look at what has happened to the u.k. and their economy and sort of this fiscal austerity and how it actually hasn't worked, and as andrew points out, do you think republicans are sort of finally coming to terms with that notion? >> i don't think so. that goes against everything that they stand for. the fact that that would not work. it's funny. andrew mentioned the imf issued some concerns specifically when talki
the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see
. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to a halt today. right now, let's get today's national forecast. reynolds wolf joins us from the weather channel. reynolds, it's great to see you this morning. >> great seeing you guys, too. the story down unde
Search Results 0 to 2 of about 3